South Korea Time Required to Start a Business 2019: 8 days
South Korea's time required to start a business in 2019 is 8 days, unchanged from 2018. It ranks #132 of 189 countries.
Time required to start a business varies globally, highlighting efficiency in regulatory environments and economic growth potential.
Source (2019): Time required to start a business
Where South Korea ranks (2019)
#132 of 189- #132
Sierra Leone8 days - #132
Slovenia8 days - #132
South Korea8 days - #132
Sri Lanka8 days - #139
Sweden7.5 days
Time Required to Start a Business over time
| Year | Value | Change | % Change | Actions |
|---|---|---|---|---|
| 2019 | 8 days | 0 days | 0.00% | |
| 2018 | 8 days | 0 days | 0.00% | |
| 2017 | 8 days | 0 days | 0.00% | |
| 2016 | 8 days | 0 days | 0.00% | |
| 2015 | 8 days | 0 days | 0.00% | |
| 2014 | 8 days | 0 days | 0.00% | |
| 2013 | 8 days | 0 days | 0.00% | |
| 2012 | 8 days | 1 days | -11.11% | |
| 2011 | 9 days | 5 days | -35.71% | |
| 2010 | 14 days | 0 days | 0.00% | |
| 2009 | 14 days | 3 days | -17.65% | |
| 2008 | 17 days | 0 days | 0.00% | |
| 2007 | 17 days | 0 days | 0.00% | |
| 2006 | 17 days | 0 days | 0.00% | |
| 2005 | 17 days | 0 days | 0.00% | |
| 2004 | 17 days | 0 days | 0.00% | |
| 2003 | 17 days | — | — |
Cite this page
Geo Factbook. (n.d.). South Korea: Time Required to Start a Business. Retrieved November 13, 2026, from https://geofactbook.com/countries/south-korea/time-required-to-start-a-business
The figures on this page come from Time required to start a business | Doing Business project, World Bank via Our World in Data. For academic work, cite the original source as well.
Frequently Asked Questions About South Korea Time Required to Start a Business
What is South Korea's time required to start a business in 2019?▾
South Korea's time required to start a business is 8 days in 2019, according to Time required to start a business | Doing Business project, World Bank via Our World in Data.
Is South Korea's time required to start a business increasing or decreasing?▾
South Korea's time required to start a business was essentially unchanged from 2018 (8 days) to 2019 (8 days). Over the past decade (2009–2019) it fell by 42.9%.
How does South Korea rank for time required to start a business?▾
In 2019, South Korea has the 132nd highest time required to start a business out of 189 countries with data.
What was South Korea's time required to start a business in 2003?▾
In 2003, South Korea's time required to start a business was 17 days. By 2019 it fell by 52.9%.
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